Dear OKX Users,
We're excited to announce the official launch of CVXUSDT perpetual contracts, leverage trading, and Easy Earn products. Here are the detailed specifications:
I. Leverage Trading & Easy Earn
- CVX/USDT Pair Availability
CVX will be available for margin trading against USDT. - Leverage Tiers
The tiered margin system follows our standard structure. Refer to:
👉 Margin Trading Position Tiers Guide - Easy Earn Allocation
Product limits and rules can be found in:
👉 OKX Easy Earn Operational Guidelines
II. Perpetual Contracts
Contract Specifications
| Contract Element | Details |
|---|---|
| Underlying | CVX/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 CVX |
| Price Quotation | USDT price per 1 CVX |
| Minimum Price Increment | 0.001 |
| Leverage Range | 0.01x - 20x |
| Funding Fee Mechanism | Clamp(MA([(Mark Price - Spot Index)/Spot Index - Interest]), -0.75%, 0.75%) with Interest=0 |
| Trading Hours | 24/7 |
Special Note for New Listings:
During initial volatility (until 00:00 UTC+8 June 26), funding rate caps are temporarily set at 0.03%. Normal 1.50% caps resume thereafter, with first collection at 08:00 UTC+8 June 26.
All standard perpetual contract rules apply. Review complete documentation:
USDT-Margined Perpetual Contracts Protocol
FAQ Section
1. When does CVX trading begin?
- Leverage Trading: 16:00 UTC+8 June 25
- Perpetual Contracts: 16:30 UTC+8 June 25
2. What's the maximum leverage for CVX?
20x for both margin trading and perpetual contracts.
3. How are funding fees calculated?
Rates follow our standard MA-based formula with ±0.75% bounds, automatically deducted every 8 hours.
4. Can I use cross-margin for CVX?
Yes, all margin modes are supported following your account settings.
5. Where can I check real-time CVX rates?
Market data is available across all OKX platforms (Web/App/API).
OKX remains committed to delivering exceptional products and services. Happy trading!
Last Updated: June 25, 2024
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